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This name is well suited to an AR or VR brand.
The name "Cayvr" has only five characters and just one syllable. One-syllable names are very rare and extremely desirable. One syllable names are used by established brands like Square, Box and Chase.
Cayvr.com is a .com domain. Dot com domains are the most valuable top-level-domain in the world, famously used by websites like google.com. A .com is the first thing people think of when they think of a website.